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SPML Infra

NSEI:SPMLINFRA
Snowflake Description

Undervalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPMLINFRA
NSEI
₹988M
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

SPML Infra Limited operates as an infrastructure development company in India. The last earnings update was 257 days ago. More info.


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SPMLINFRA Share Price and Events
7 Day Returns
6.9%
NSEI:SPMLINFRA
-0.4%
IN Construction
-0.1%
IN Market
1 Year Returns
-73.8%
NSEI:SPMLINFRA
-12.2%
IN Construction
-3.7%
IN Market
SPMLINFRA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SPML Infra (SPMLINFRA) 6.9% -7% -6.6% -73.8% -55.2% -49.9%
IN Construction -0.4% -4.1% 9.7% -12.2% 37.8% 26.1%
IN Market -0.1% -5% 5.7% -3.7% 34.5% 38.6%
1 Year Return vs Industry and Market
  • SPMLINFRA underperformed the Construction industry which returned -12.2% over the past year.
  • SPMLINFRA underperformed the Market in India which returned -3.7% over the past year.
Price Volatility
SPMLINFRA
Industry
5yr Volatility vs Market

Value

 Is SPML Infra undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SPML Infra to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SPML Infra.

NSEI:SPMLINFRA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 24.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:SPMLINFRA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.983 (1 + (1- 35%) (1423.17%))
7.084
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%)
24.75%

Discounted Cash Flow Calculation for NSEI:SPMLINFRA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SPML Infra is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:SPMLINFRA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 24.75%)
2019 2,024.08 Est @ -7.21% 1,622.51
2020 1,967.70 Est @ -2.79% 1,264.38
2021 1,973.90 Est @ 0.32% 1,016.73
2022 2,022.97 Est @ 2.49% 835.27
2023 2,103.99 Est @ 4% 696.37
2024 2,210.63 Est @ 5.07% 586.51
2025 2,339.13 Est @ 5.81% 497.47
2026 2,487.29 Est @ 6.33% 424.04
2027 2,653.91 Est @ 6.7% 362.68
2028 2,838.47 Est @ 6.95% 310.94
Present value of next 10 years cash flows ₹7,616.89
NSEI:SPMLINFRA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹2,838.47 × (1 + 7.55%) ÷ (24.75% – 7.55%)
₹17,748.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹17,748.70 ÷ (1 + 24.75%)10
₹1,944.29
NSEI:SPMLINFRA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹7,616.89 + ₹1,944.29
₹9,561.18
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹9,561.18 / 36.65
₹260.88
NSEI:SPMLINFRA Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹263.24
Current discount Discount to share price of ₹27.80
= -1 x (₹27.80 - ₹263.24) / ₹263.24
89.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SPML Infra is available for.
Intrinsic value
>50%
Share price is ₹27.8 vs Future cash flow value of ₹263.24
Current Discount Checks
For SPML Infra to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SPML Infra's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SPML Infra's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SPML Infra's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SPML Infra's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SPMLINFRA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹13.75
BSE:500402 Share Price ** BSE (2019-05-20) in INR ₹27.55
India Construction Industry PE Ratio Median Figure of 90 Publicly-Listed Construction Companies 13.97x
India Market PE Ratio Median Figure of 2,759 Publicly-Listed Companies 15.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SPML Infra.

NSEI:SPMLINFRA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500402 Share Price ÷ EPS (both in INR)

= 27.55 ÷ 13.75

2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SPML Infra is good value based on earnings compared to the IN Construction industry average.
  • SPML Infra is good value based on earnings compared to the India market.
Price based on expected Growth
Does SPML Infra's expected growth come at a high price?
Raw Data
NSEI:SPMLINFRA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Construction Industry PEG Ratio Median Figure of 27 Publicly-Listed Construction Companies 0.85x
India Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.25x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for SPML Infra, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SPML Infra's assets?
Raw Data
NSEI:SPMLINFRA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹126.85
BSE:500402 Share Price * BSE (2019-05-20) in INR ₹27.55
India Construction Industry PB Ratio Median Figure of 121 Publicly-Listed Construction Companies 0.94x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.02x
NSEI:SPMLINFRA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500402 Share Price ÷ Book Value per Share (both in INR)

= 27.55 ÷ 126.85

0.22x

* Primary Listing of SPML Infra.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SPML Infra is good value based on assets compared to the IN Construction industry average.
X
Value checks
We assess SPML Infra's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. SPML Infra has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is SPML Infra expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SPML Infra has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.5%
Expected Construction industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SPML Infra expected to grow at an attractive rate?
  • Unable to compare SPML Infra's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare SPML Infra's earnings growth to the India market average as no estimate data is available.
  • Unable to compare SPML Infra's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:SPMLINFRA Future Growth Rates Data Sources
Data Point Source Value (per year)
India Construction Industry Earnings Growth Rate Market Cap Weighted Average 14.5%
India Construction Industry Revenue Growth Rate Market Cap Weighted Average 11.2%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:SPMLINFRA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:SPMLINFRA Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:SPMLINFRA Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 20,495 2,343 504
2017-03-31 22,758 -1,609 -85
2016-03-31 20,354 2,952 -60

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if SPML Infra is high growth as no earnings estimate data is available.
  • Unable to determine if SPML Infra is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:SPMLINFRA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from SPML Infra Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SPMLINFRA Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:SPMLINFRA Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 13.75
2017-03-31 -2.33
2016-03-31 -1.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SPML Infra will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether SPML Infra is trading at SPML Infra'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. SPML Infra's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. SPML Infra's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess SPML Infra's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SPML Infra has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has SPML Infra performed over the past 5 years?

  • SPML Infra's last earnings update was 257 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SPML Infra's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if SPML Infra's year on year earnings growth rate was positive over the past 5 years.
  • SPML Infra has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • SPML Infra has become profitable in the last year making it difficult to compare the IN Construction industry average.
Earnings and Revenue History
SPML Infra's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SPML Infra Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SPMLINFRA Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 20,494.80 504.03 822.26
2017-03-31 22,758.14 -85.40 927.02
2016-03-31 20,353.93 -59.83 847.69
2015-03-31 18,237.57 9.45 785.41
2014-03-31 15,021.36 -124.78 1,708.46
2013-03-31 13,469.34 54.29 1,144.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SPML Infra has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SPML Infra used its assets more efficiently than the IN Construction industry average last year based on Return on Assets.
  • SPML Infra's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SPML Infra's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SPML Infra has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is SPML Infra's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SPML Infra's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SPML Infra is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SPML Infra's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SPML Infra's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SPML Infra Company Filings, last reported 1 year ago.

NSEI:SPMLINFRA Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 5,755.57 14,056.98 492.29
2017-03-31 4,749.03 12,358.82 429.44
2016-03-31 5,777.23 12,056.66 1,401.09
2015-03-31 5,453.31 8,415.06 1,271.69
2014-03-31 5,719.60 10,186.66 1,190.18
2013-03-31 5,867.86 8,342.94 912.50
  • SPML Infra's level of debt (244.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (142.3% vs 244.2% today).
  • Debt is not well covered by operating cash flow (16.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess SPML Infra's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SPML Infra has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is SPML Infra's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from SPML Infra dividends.
If you bought ₹2,000 of SPML Infra shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate SPML Infra's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SPML Infra's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:SPMLINFRA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Construction Industry Average Dividend Yield Market Cap Weighted Average of 50 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:SPMLINFRA Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:SPMLINFRA Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2012-08-07 0.000 0.000
2011-08-19 0.500 0.568
2011-08-12 0.500 0.375
2010-08-12 0.800 0.403
2010-06-01 0.800 0.436
2009-07-01 1.200 0.832

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as SPML Infra has not reported any payouts.
  • Unable to verify if SPML Infra's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SPML Infra's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SPML Infra has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SPML Infra's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SPML Infra afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SPML Infra has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of SPML Infra's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sushil Sethi
COMPENSATION ₹12,057,790
AGE 60
CEO Bio

Mr. Sushil Kumar Sethi serves as the Managing Director of SPML Infra Limited (formerly Subhash Projects & Marketing Ltd.). Mr. Sethi looks after the marketing, tendering and business development activities of the SPML Infra Ltd. He began his career in 1981 and has grown with SPML Infra Ltd., to garner rich experience in the execution of EPC contracts in water supply projects, cross ­country pipelines, power generation, infrastructure development and transmission and distribution works. Mr. Sethi has been an Executive Director of SPML Infra Limited since January 1, 2005.

CEO Compensation
  • Sushil's compensation has increased in line with SPML Infra recently becoming profitable.
  • Sushil's remuneration is higher than average for companies of similar size in India.
Management Team

Subhash Sethi

TITLE
Chairman
COMPENSATION
₹11M
AGE
64

Sushil Sethi

TITLE
MD & Executive Director
COMPENSATION
₹12M
AGE
60

Sujit Jhunjhunwala

TITLE
Chief Financial Officer
COMPENSATION
₹3M
TENURE
2 yrs

Abhinandan Sethi

TITLE
Chief Operating Officer
AGE
30

Abhay Singh

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹2M
TENURE
5.4 yrs

Malay Chakraborti

TITLE
Executive Vice President of Engineering & Procurement
AGE
49

Amitava Basu

TITLE
Executive Vice President of Projects
AGE
52

D. Mukherjee

TITLE
Vice President of Projects
AGE
56

Govardhan Gaddam

TITLE
Vice President of Corporate
AGE
54

Sisir Saha

TITLE
Vice President of Projects
AGE
61
Board of Directors Tenure

Average tenure and age of the SPML Infra board of directors in years:

6.1
Average Tenure
64
Average Age
  • The tenure for the SPML Infra board of directors is about average.
Board of Directors

Sushil Sethi

TITLE
MD & Executive Director
COMPENSATION
₹12M
AGE
60
TENURE
14.3 yrs

Deepak Sethi

TITLE
Non-Executive Director
AGE
39
TENURE
7 yrs

Subhash Sethi

TITLE
Chairman
COMPENSATION
₹11M
AGE
64
TENURE
7 yrs

Sarthak Behuria

TITLE
Non-Executive & Independent Director
COMPENSATION
₹300K
AGE
66
TENURE
8.8 yrs

Prem Rana

TITLE
Non-Executive & Independent Director
COMPENSATION
₹330K
AGE
72
TENURE
5.3 yrs

Dinesh Goyal

TITLE
Non-Executive & Independent Director
COMPENSATION
₹360K
AGE
65
TENURE
3.8 yrs

Supriyo Chaudhuri

TITLE
Nominee Director
COMPENSATION
₹280K
TENURE
2.3 yrs

Pavitra Singh

TITLE
Independent Woman Director
AGE
41
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess SPML Infra's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SPML Infra has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Does SPML Infra Limited's (NSE:SPMLINFRA) PE Ratio Tell You?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … While this makes SPMLINFRA appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. … Check out our latest analysis for SPML Infra

Simply Wall St -

Why SPML Infra Limited's (NSE:SPMLINFRA) ROE Of 8.39% Does Not Tell The Whole Story

and looking to gauge the potential return on investment in SPML Infra Limited (NSE:SPMLINFRA). … SPML Infra Limited (NSE:SPMLINFRA) delivered an ROE of 8.39% over the past 12 months, which is relatively in-line with its industry average of 8.44% during the same period. … But what is more interesting is whether SPMLINFRA can sustain or improve on this level of return

Simply Wall St -

Did SPML Infra Limited (NSE:SPMLINFRA) Create Value For Investors Over The Past Year?

See our latest analysis for SPML Infra Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of SPML Infra’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NSEI:SPMLINFRA Last Perf May 24th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

Is SPML Infra Limited's (NSE:SPMLINFRA) PE Ratio A Signal To Sell For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SPMLINFRA Price per share = ₹120.25 Earnings per share = ₹2.004 ∴ Price-Earnings Ratio = ₹120.25 ÷ ₹2.004 = 60x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with SPMLINFRA, then SPMLINFRA’s P/E would naturally be higher since investors would reward SPMLINFRA’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with SPMLINFRA, SPMLINFRA’s P/E would again be higher since investors would reward SPMLINFRA’s lower risk with a higher price as well.

Simply Wall St -

Why You Need To Look At This Factor Before Buying SPML Infra Limited (NSE:SPMLINFRA)

If you are looking to invest in SPML Infra Limited’s (NSEI:SPMLINFRA), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Based on this beta value, SPMLINFRA appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market.

Simply Wall St -

Why SPML Infra Limited (NSE:SPMLINFRA) Could Be A Buy

SPML Infra Limited (NSEI:SPMLINFRA), a construction company based in India, saw a double-digit share price rise of over 10% in the past couple of months on the NSEI. … Furthermore, SPML Infra’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. … However, with an expected decline of -4.41% in revenues over the next couple of years, near-term growth certainly doesn’t appear to be a driver for a buy decision for SPML Infra.

Simply Wall St -

Why SPML Infra Limited's (NSE:SPMLINFRA) Investor Composition Impacts Your Returns

A major group of owners of SPMLINFRA is individual insiders, sitting with a hefty 17.17% stake in the company. … Private Company Ownership Another group of owners that a potential investor in SPMLINFRA should consider are private companies, with a stake of 37.02%. … With this size of ownership in SPMLINFRA, this ownership class can affect the company's business strategy.

Simply Wall St -

Is SPML Infra Limited (NSE:SPMLINFRA) A Financially Sound Company?

How does SPMLINFRA’s operating cash flow stack up against its debt? … We can check to see whether SPMLINFRA is able to meet its debt obligations by looking at the net interest coverage ratio. … In SPMLINFRA's, case, the ratio of 0.48x suggests that interest is not strongly covered, which means that lenders may refuse to lend the company more money, as it is seen as too risky in terms of default.Next Steps: SPMLINFRA’s high debt level indicates room for improvement.

Simply Wall St -

Will SPML Infra Limited (NSE:SPMLINFRA) Continue To Underperform Its Industry?

SPML Infra Limited (NSEI:SPMLINFRA) generated a below-average return on equity of 1.26% in the past 12 months, while its industry returned 7.70%. … Check out our latest analysis for SPML Infra Breaking down ROE — the mother of all ratios Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Since SPML Infra’s return does not cover its cost, with a difference of -21.74%, this means its current use of equity is not efficient and not sustainable.

Simply Wall St -

Does SPML Infra Limited's (NSE:SPMLINFRA) PE Ratio Warrant A Sell?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SPMLINFRA Price per share = ₹137.7 Earnings per share = ₹2.004 ∴ Price-Earnings Ratio = ₹137.7 ÷ ₹2.004 = 68.7x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … Since SPMLINFRA's P/E of 68.7x is higher than its industry peers (29.7x), it means that investors are paying more than they should for each dollar of SPMLINFRA's earnings. … For example, if you are inadvertently comparing riskier firms with SPMLINFRA, then SPMLINFRA’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

Company Info

Description

SPML Infra Limited operates as an infrastructure development company in India. It operates through Construction and Trading segments. The company offers integrated water distribution, wastewater management systems, and water sourcing solutions; undertakes power transmission and distribution projects, including the construction and operation of hydro, solar, wind, and thermal power plants; and provides rural electrification, and integrated energy management solutions. It also develops bridges, flyovers, industrial infrastructure, tunnels, special economic zones, industrial/business/technology parks, airports, seaports, bus terminals, automated car parking facilities, toll express roads/highways, and bus terminals. In addition, the company provides integrated end-to-end waste management solutions, such as collection, segregation, transportation, treatment, reusability, processing, and scientific disposal of waste. Further, it develops an integrated management information system, a software solution to metering, billing, CRM, network analysis, demand forecasting and management, asset and inventory management, business intelligence, and operation and maintenance of the entire network. The company was formerly known as Subhash Projects and Marketing Limited and changed its name to SPML Infra Limited in April 2010. SPML Infra Limited was founded in 1981 and is headquartered in Kolkata, India.

Details
Name: SPML Infra Limited
SPMLINFRA
Exchange: NSEI
Founded: 1981
₹987,724,938
36,650,276
Website: http://www.spml.co.in
Address: SPML Infra Limited
22, Camac Street,
3rd Floor,
Kolkata,
West Bengal, 700016,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500402 Equity Shares Mumbai Stock Exchange IN INR 14. Feb 1996
NSEI SPMLINFRA Equity Shares National Stock Exchange of India IN INR 14. Feb 1996
Number of employees
Current staff
Staff numbers
0
SPML Infra employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 12:51
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2017/05/23
Last earnings filing: 2018/09/05
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.